Famed economist, Dr. Laurence Kotlikoff, concludes that even a small carbon tax today will cause economic loss to at least two generations, and possibly more. In short, carbon tax will do just the opposite of what climate alarmists claim.
The world will be littered with failed solar and wind projects that are pointedly unable to ever deliver on their utopian promises. Meanwhile, taxpayers get hosed while fat-cat Technocrats get paid hefty salaries.
Political madness and rampant deception have suckered the entire State of New York into creating its own private version of AOC’s Green New Deal. It will cost taxpayers trillions in wasted capital and in increased living expenses.
This only proves that renewable energy is not a fait accompli as Sustainable Development wonks suppose. The partial rejection of renewable energy favors nuclear power over wind and solar, but has pitted the oil and gas industry against nuclear.
As a Technocracy, China is driven to create infrastructure and develop the global supply chain, both of which are central to its Belt and Road initiative. Europe is playing both sides of the fence with America on one hand, and China on the other.
[su_note note_color="#daf2fd" radius="2"]The Green New Deal exposes the ultra-radical nature of UN policies of Sustainable Development. The UN is sworn to overthrow Capitalism and Free Enterprise, and it using global warming as a battering ram.
Technocrats sucker billionaires into funding their technology pipe dreams, which effectively becomes like a self-reinforcing whirlwind of manic political behavior. Canada is a leading example of this phenomenon.
The author does not have Technocracy in view, but only in name. Technocracy will force the extinction of cash in order to build a replacement monetary system to finance Sustainable Development that will resemble Alice in Wonderland.
Eco-friendly bond investments are more costly to maintain and have no price advantage over traditional bonds, yet they claimed to be are “the natural home for environmental, social and governance investing.” Mainly, they assuage the conscience of corporate issuers to prove they are “green”.
Bloomberg is a consummate Technocrat, dedicated to transforming the world’s economic system into Sustainable Development, aka Technocracy. He was quietly appointed to the UN position to create a capital flow of $100 billion per year, to be invested into Public-Private Partnerships. As always, the smokescreen is climate change.